Picture a crypto wallet as your personal interface to the digital currency world – a tool that manages your private and public keys, tracks your assets, and enables digital transactions.
Crypto wallets can be categorized into two main types:
- Hot
- Cold
Think of hot wallets as your conventional wallet, always connected to the internet, providing quick and easy access to your assets. Contrastingly, cold wallets serve as a kind of secure vault, preserving your assets offline on a hardware device or even a piece of paper for utmost security.